Why raise money for charity

By Vanessa Gera The Associated Press Sun., Jan. 13, 2019 WARSAW, POLAND—The mayor of a city in Poland was in very serious condition after he was stabbed on stage Sunday during the finale of a large charity event, and Polish media reported details that gave the attack a political element. Gdansk Mayor Pawel Adamowicz was attacked with a knife while he stood on stage, held his belly and collapsed during the “Lights to Heaven” fundraiser organized by the Great Orchestra of Christmas Charity, Poland’s most important charity. Polish President Andrzej Duda said he was informed that “doctors succeeded in reanimating the heart of the seriously injured Mayor Pawel Adamowicz and there is hope, but his condition is very difficult.” He called on for people to pray for the mayor. Polish broadcaster TVN reported that the suspected assailant shouted from the stage that he was imprisoned under a previous national government led by Civic Platform, … [Read more...] about Gdansk mayor in serious condition after stabbing at charity event

By David A. Fahrenthold The Washington Post Tues., Dec. 18, 2018 WASHINGTON—U.S. President Donald Trump has agreed to shut down his embattled personal charity amid allegations that he used it for his personal and political benefit and give away its remaining funds, the New York attorney general announced Tuesday. New York Attorney General Barbara Underwood announced that the Donald J. Trump Foundation is dissolving as her office pursues its lawsuit against the charity, Trump and his three eldest children. The attorney general’s suit, filed in June, alleged “persistently illegal conduct” at the charity and sought to have the foundation shut down. Underwood is continuing to seek more than $2.8 million (U.S.) in restitution and has asked a judge to ban the Trumps temporarily from serving on the boards of other New York non-profit. Underwood said Tuesday that her investigation found “a shocking pattern of illegality involving the Trump … [Read more...] about Trump agrees to shut down his charity amid allegations he used it for personal and political benefit

Jakarta. Even though Indonesia has been named the world's most generous nation in the 2018 World Giving Index, its unsupportive regulatory environment, scandals involving donor funds, and a lack of transparency among nongovernment organizations have contributed to little or no trust among the country's richest to donate money to charities. Indonesia is one of the three Asian economies with double-digit growth in both high-net-worth individuals (13.7 percent) and financial wealth (14.3 percent), according to a joint report by Paris-based consultancy CapGemini and wealth management firm RBC Wealth Management. GlobeAsia magazine recently reported that most Indonesian billionaires and the country's 100 largest business groups still enjoy good revenues, despite the current global financial turbulence, a weakening rupiah and stagnating economic growth. The country's rising middle-income class, abundant natural resources and healthy economic fundamentals … [Read more...] about ‘Guilty Until Proven Innocent’ – Trust Deficit Costs Indonesian Charities Billions of Dollars

PhilanthropyBitcoin The wealthy are increasingly giving to charity via cryptos and this can cost governments more in tax deductions than it raises in actual donations By Philip Hackney and Brian Mittendorf October 5, 2018 7:49 PM (UTC+8) Share Tweet Linkedin Print Email Share 0 Comment 0 Many large charities, despite being entrusted with accepting and managing funds that benefit the public, are accepting bitcoin and other cryptocurrencies – volatile forms of digital money – as donations. Take, for example, the Silicon Valley Community Foundation, one of the country’s largest charities. It held a third of its US$13.5 billion investments – nearly $4.5 billion – in digital assets, according to its annual financial statement. The dailyReport Must-reads from across Asia - directly to your inbox As experts in the tax and financial issues charities face, we have spent considerable time examining what made nonprofits dabble in digital currencies … [Read more...] about Why are charities accepting increasing amounts of Bitcoin?

By Michael Lewis Bloomberg View Mon., Feb. 19, 2018 Back when he was president, Barack Obama told me that only two people treated any interaction with him as a zero-sum game. One was Vladimir Putin, the other congressional Republicans. Both behaved as if there was no such thing as a win-win situation: Any gain for Obama was a loss for them, and any gain for them must also entail a loss for Obama. The moment that the Russian president or congressional Republicans saw he wanted something, they went to work trying to keep him from getting it — even if it was something they might otherwise have approved of. Approaching any aspect of life as a zero-sum game has obvious practical costs: Deals that leave some people better off without making anyone else worse off suddenly don’t get done, because making some people better off now, by definition, makes other people worse off. It also comes with some psychological side effects. It cripples your imagination. It … [Read more...] about Looking for Donald Trump in all the wrong places